Most wage and salary systems establish pay ranges for jobs based on the relative worth of the job to the organization.

Question

Quizplus · Accepted Answer

Many wage and salary systems use job evaluation methods to determine the relative worth of each job by analyzing factors such as required skills, responsibilities, and complexity. This information is then used to establish pay ranges for each job based on its value to the organization.

Most Wage and Salary Systems Establish Pay Ranges for Jobs